Defined as the full procurement process including creating competitions, qualifying participants and bid acceptance.
Market Visibility: SOs can initiate competitions, advertise their flexibility needs and monitor FSP assets enrolled in the market.
Qualification: to participate there are two qualification requirements. A Dynamic Purchasing System for company qualification and an asset qualification process, whereby assets are automatically assessed on criteria including location and capacity.
Bidding: FSPs submit bids within the defined procurement window (including long and short term markets). SOs can accept and reject offers.
The process leading up to the dispatch of the flexibility service.
Availability: SOs monitor asset availability up until the actual time of dispatch. SOs are notified of any changes and potential impact on contracts.
Dispatch: dispatch instructions and scheduled messages are relayed between SO and FSP, providing confirmation of status on dispatch acceptance.
Market clearing: SOs easily decision bids against parameters such as price, capacity and grid location.
Offering post-dispatch measurement, verification of FSP services and invoicing upon confirmation.
Performance: verification according to contracted service using contracted obligations, meter data, asset baseline profiles and dispatch data.
Invoices: automatic calculations of self invoices as per performance reports.
A secondary trading marketplace that allows users to buy and sell existing flexibility contracts. The first secondary market active on Piclo Exchange is GB's Capacity Market.
List Agreements: FSPs can advertise contracts to sell within a set timeframe.
Bidding: FSPs submit bids to win contracts. Bids are accepted or rejected after the bidding window closes.
We provide the education, recruitment and onboarding of FSPs to create market liquidity, including:
We provide both FSPs and SOs with a comprehensive customer service system including:
Piclo is engineered for efficient integrations with ADMS, DERMS and other back-office DSO and FSP systems.
Procurement APIs: streamlining the qualification and bidding process for SOs and FSPs.
Operations APIs: securely automating communication between OT systems and market entities.
Settlement APIs: simplifying the integration between metering and invoicing systems.
“We are working with Piclo because we want to develop a flexibility market that is accessible to DERs, providers, industry, communities and all other market participants”
Sotiris Georgiopoulos, Director of Distribution System Operator at UK Power Networks
UK Power Networks